Friday, July 08, 2016

LOONY TUNES no. 150

“At this point, it doesn't look like it matters that much. The invisible hand of economic forces has taken the matter into its own hands. An industry (combined with petroleum) that contributes over $750 million to politicians in an election cycle may be paddling upstream.

“Environment is the invisible hand that shapes human behavior. We tend to believe our habits are a product of our motivation, talent, and effort. Certainly, these qualities matter. But the surprising thing is, especially over a long time period, your personal characteristics tend to get overpowered by your environment.

“Finallya Scientific Explanation for Why New York Dating Is So Terrible” …

… “There’s a sort of romantic invisible hand at work: You can only capture the affections of the people who are available to you, and the most desirable people get to be the choosiest, so they get the pick of the litter, with the litter getting smaller as people pair up.”

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Stephen M Ross PostsHERE for University of Michigan School of Business.